Hammerson
This coverage focuses on Hammerson’s activities and strategy within the UK retail property sector, highlighting shopping centre performance, asset management, redevelopment projects, and financial results. Reporting also examines leadership decisions and market trends shaping its portfolio, offering insights for retail executives, property managers, and professionals monitoring commercial real estate and retail environments.
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Sep- 2023 -14 SeptemberNews
Nike Rise to open concept store in Birmingham
Nike will open its first ever Nike Rise concept store in Birmingham at Bullring and Grand Central, reflecting the strategy to reinvigorate the asset with new brands, concepts and market firsts. Located at the gateway to Bullring and just metres from the iconic steel Bull, Nike Birmingham will follow the…
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Mar- 2023 -9 MarchShopping Centres
Hammerson earnings surge 60% amid rental income boost
Shopping centre owner Hammerson has revealed that its FY22 adjusted earnings increased 60% to £105m, boosted by a positive income rental performance. It confirmed that its net rental income increased 29% as it said “occupiers pivot to best-in-class destinations”. This comes despite group portfolio value falling 5% to £5.1bn (2021…
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Feb- 2023 -7 FebruaryFeatures
Super.Mkt: a symptom of the charity shop revolution
Secondhand shopping has had its moment in the spotlight in recent years, as the stigma of repeating outfits and being seen in an unfashionable charity shop have dissipated to make way for sustainably-conscious shopping. Even before the cost-of-living crisis was on the tip of everyone’s tongues, the appeal of “buying…
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Oct- 2022 -12 OctoberHigh Street
Elliott in talks with Matalan founder over takeover bid
Elliott Advisors has reportedly entered talks with John Hargreaves, the founder of Matalan, regarding his bid to buy back the business, according to Sky News. The investment firm is said to be discussing potential plans to help fund his offer, as the group undergoes a sales process while facing “hundreds…
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Sep- 2022 -8 SeptemberShopping Centres
JD Sports to open new store in Birmingham’s Bullring centre
JD Sports is set to double its presence in Bullring and Grand Central, Birmingham, as it looks to drive customer engagement through events, pop-ups and collaborations. Hammerson, a real estate investment firm, said the expansion is a “clear signal of the destination’s strength as well as a firm commitment to…
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Jul- 2022 -28 JulyHigh Street
Hammerson returns to profit
Hammerson has revealed a pre-tax profit of £50m for the six months ending June 28, contrasted with a £376m loss over the same period in 2021. However, the group also saw revenues fall to £62m from £65.3m. The company said this reflects a 48% increase in like-for-like net rental income,…
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Jun- 2022 -28 JuneHigh Street
Retail space provider Sook continues UK expansion
Flexible retail pop-up space provider Sook has announced new partnerships with Hammerson and Rivington Hark, which will see the retail operator open three new spaces this summer in new UK locations. The firm said its rapid expansion is a result of a “high customer demand for flexible retail space as…
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Dec- 2021 -16 DecemberShopping Centres
Hammerson disposes of Silverburn shopping centre stake
Hammerson has announced the disposal of a number of its non-core assets, including its share in Glasgow’s Silverburn shopping centre. Hammerson said it has agreed the unconditional contract for the sale of Silverburn, a 100,000m2 shopping centre near Glasgow, from 50/50 joint venture partners Hammerson and Canada Pension Plan Investment…
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Oct- 2021 -21 OctoberProperty
Hammerson rent collection hits 70% in Q4
Hammerson has revealed that rent collection has improved in its latest quarter, with 70% of rent now collected in Q4 to date. This is “significantly” ahead of any quarter since Q1 2020, when the effects of the pandemic were first felt. The UK continued to be the “strongest performer”, as…
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4 OctoberHigh Street
Four ‘premium’ brands to open at Highcross
Hammerson has announced that four new brands will open at its flagship destination, Highcross, in Leicester this autumn. According to Highcross, it has “captured” existing and new audiences through events and initiatives since reopening in spring, in addition to its 100 shops and restaurants. Highcross said the new Ted Baker…
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